The majority of surveys and reports regarding the secured loan and home owner loan markets, all seem to be reporting that there has been a significant decline in the number of secured loans which are going through to completion at the moment.
The Finance and Leasing Association (FLA), the trade body for the secured loan industry, [...]
The effects of the credit crunch caused huge financial problems for the home owner loan and mortgage industries, as well as the loan industry as a whole and the loan market has still got a long way to go until it could be considered as recovered.
The problems of the credit crunch were largely blamed on [...]
The ongoing effects of the credit crunch and recent recession have caused a large increase in the number of properties being repossessed by the lender due to defaults on either a home owner loan or in a large number of cases, a second charge secured loan.
However, despite particularly slow economic recovery in the UK, an [...]
At the height of the credit crunch, buy to let loans were almost completely dead, as lenders and landlords withdrew from the market place due to the fall in the value of property, coupled with the difficulty in obtaining a suitable loan.
But now, as first time buyers are finding it harder to be accepted for [...]
There are more signs that the housing and home owner loan markets are continuing to stagnate at the present time, as the Bank of England has just released its latest figures for new loan approvals for the month of August.
The figures have shown that there were a total of 47,372 new home owner loan offered [...]
The Bank of England base rate of interest on loans and savings has remained at the historically low level of just 0.5 per cent now for eighteen months and many experts believe that this will remain the case for some time yet, due to the fragile nature of the UK economy.
However, a growing number of [...]
Renting a property in the UK is becoming more popular at the moment, due to the lack of affordability of a home owner loan or mortgage for many would be buyers and the low loan to value loans offered by banks and building societies.
Although renting is seen as a cheaper option for many individuals, the [...]
